Bitcoin fell below the $64,000 mark on Friday, caught in a fresh wave of geopolitical uncertainty. The drop came after the U.S. launched a new strike on Iran and former President Donald Trump made a comment targeting China, shaking global markets.
The trigger
The U.S. military conducted a strike on Iranian targets. Around the same time, Trump weighed in on China with a remark that traders interpreted as a threat to trade relations. The combination rattled risk assets across the board.
Bitcoin's reaction
Bitcoin slid in tandem with equities and other risk-on assets. The move below $64,000 put the cryptocurrency at its lowest level in two weeks. The selloff was sharp, driven by macro headlines rather than crypto-specific events.
What traders are watching
The immediate focus is on whether the U.S. strike will draw a military response from Iran, and whether Trump's China comment signals a new phase in trade tensions. For now, the market is digesting two shocks at once. Bitcoin's next move will depend on how the geopolitical situation evolves.
